Goehring & Rozencwajg Associates LLC Has $13.97 Million Position in NexGen Energy $NXE

Goehring & Rozencwajg Associates LLC lifted its holdings in shares of NexGen Energy (NYSE:NXE) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,518,939 shares of the company’s stock after purchasing an additional 76,684 shares during the quarter. NexGen Energy accounts for about 1.3% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 25th biggest position. Goehring & Rozencwajg Associates LLC’s holdings in NexGen Energy were worth $13,974,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of NexGen Energy by 2.1% during the third quarter. Vanguard Group Inc. now owns 21,353,712 shares of the company’s stock worth $191,180,000 after purchasing an additional 430,005 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of NexGen Energy by 4.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,608,861 shares of the company’s stock worth $274,103,000 after purchasing an additional 1,189,516 shares during the period. Ion Asset Management Ltd. raised its position in shares of NexGen Energy by 3,404.6% during the third quarter. Ion Asset Management Ltd. now owns 2,348,100 shares of the company’s stock worth $21,015,000 after purchasing an additional 2,281,100 shares during the period. Van ECK Associates Corp raised its position in shares of NexGen Energy by 28.9% during the third quarter. Van ECK Associates Corp now owns 23,633,124 shares of the company’s stock worth $211,517,000 after purchasing an additional 5,305,263 shares during the period. Finally, Citigroup Inc. raised its position in shares of NexGen Energy by 53.0% during the third quarter. Citigroup Inc. now owns 676,352 shares of the company’s stock worth $6,057,000 after purchasing an additional 234,224 shares during the period. Institutional investors and hedge funds own 42.43% of the company’s stock.

Analyst Upgrades and Downgrades

NXE has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of NexGen Energy in a research report on Tuesday, June 2nd. UBS Group initiated coverage on NexGen Energy in a research report on Thursday, March 5th. They issued a “buy” rating on the stock. Finally, Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

NexGen Energy Stock Performance

Shares of NexGen Energy stock opened at $9.84 on Friday. The business’s 50 day simple moving average is $11.58 and its 200 day simple moving average is $11.21. NexGen Energy has a 52-week low of $6.26 and a 52-week high of $13.96. The firm has a market cap of $6.51 billion, a PE ratio of -20.07 and a beta of 1.35.

NexGen Energy Profile

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company’s primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen’s technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world’s most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.